Credit Suisse: what next for the crisis-hit bank? | FT Film 

After the '08 financial crisis, I've learned not to trust corporations. Since 2020, I've been investing with a financial advisor and have had no major losses, so I'm not going back to relying solely on banks.

A common oversight is that banks operate solely in the service of yield. Personally, I am hesitant to keep substantial sums of money in a bank. Instead, I opt to invest under the guidance of experts, reap the advantages, and diligently save for my retirement.

That's grand! I believe the high-value gains are backed by years of study/experience in knowing what makes what tick. the portfolio-advisor that guides you is who though?

There are many financial coaches who excel in their profession, but for the time being, I employ Vivian Carol Gioia because I adore her methods. You can make research and find out more.

I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look her up and send her a message. You've truly motivated me. God's blessings on you

You read my thought bubble! 👍

Try reading Karl Marx for "insightful"

How can journalists be waving red flags and yet!

lol yea

But ... no one of us taken short position on Suisse , or we would have been millionaires now 😱🙁😭🥺🥱

It's often overlooked that banks are also corporate entities driven by greed. One of the contributing factors to current bank crisis is the banks' excessive leveraging of assets. However, on the advantageous aspect, economic downturns offer numerous prospects for ordinary individuals to create wealth from the ground up. Nevertheless, seeking guidance from an investment planner might be necessary if you desire a more assertive return.

In the world of fina-nce, crisis are prime opportunities for wealth creation. When my port-folio suffered a significant loss in April of last year, I realized the need to enlist the expertise of a financial consultant. With her guidance, I have not only recovered from my losses but also generated a profit of 450k. The knowledge and skills I have acquired through this experience have been inval-uable in my journey towards finan-cial success.

@@joshbarney114 I find this very intriguing. Can you suggest the name of your advisor? I could greatly benefit from some guidance.

@@FabioOdelega876 "Colleen Janie Towe" is my adviser and she is highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.

@@joshbarney114 Thank you for this tip , I must say, Colleen appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, educational background, and qualifications, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

This is actually insane

I wonder how much of their business was doing sleazy things for Russian oligarchs.

Yes me I’m here after 8 months

Despite hearing that insider trading secrets could lead to making millions in the financial market, I hesitated to invest as I lack the required skills and a sound strategy to surpass the market and achieve profitable returns. Additionally, although I possess $160,000, I find it challenging to take the plunge due to a shortage of funds.

It is advisable to steer clear of cons that appear improbable. Seeking guidance from a fiduciary advisor can be helpful as they are highly skilled in their field and can provide tailored advice based on an individual's risk appetite. While there may be unscrupulous individuals, there are also remarkable ones with a positive track record.

@@theresahv I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

My advisor is ‘’Julie Anne Hoover’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market

@@theresahv Thanks for sharing this. I did my own little research, and your advisor looks advanced and experienced. I wrote her and dialed her twice but she didn't pick up so I scheduled a phone call.

DB in Japan in the Aughts. Same same, but different.

Let them sink in

I also worked in CS a few years ago and had a great team and exemplary management. People I worked with deeply cared about quality and process. Your comment is superficial, you cannot judge an entire company of such size according to your very limited experience and visibility. It's obvious that not everybody is "good" or "bad", like everywhere in the world. Credit Suisse's top management made several big mistakes and now the company is going to pay for that. It will take a long time to recover, if ever. But those who will carry the most weight are the employees that probably did not deserve it. So I don't feel like commenting as Mr. Kiril Mihaylov did below with his shameful "let them sink", without thinking about all those who will lose their job.

@@robertor.7319 CS is bilshit bank laundering money for narcocartels

You didn't do well there then. Thing is if you think everyone around you are wrong the likelihood is that you're the problem.

@@notbaltic280 no CS is the problem

It's important to keep in mind that investing is a zero-sum game with both good and bad days. However, by spending and investing wisely and diversifying your holdings, you can minimise risks and maximise gains. Hiring a knowledgeable investment advisor with a wide range of options can help you achieve this and leave little room for regrets.

@@markgeorge8206 Would you mind recommending a specialist with a variety of investment options? This is extremely rare, and I eagerly await your response.

I agree with you on everything, these days finding a financial mentor is a tough challenge which is why I am happy and grateful to have been introduced to my mentor Larry Kent Nick by a friend. I made a lot of money in just two months working with him for just a small investment

Who exactly is this Mr. Larry? what does he do? And how can I take advantage of him

He is a financial advisor and investor, he helps people to better understand the financial markets and he also does trading and investing on your behalf.

Getting in touch with him is very simple, just follow him on instagram

@ Larry Kent Nick Trading

Not the same as Lehmann Brothers. Crooked bankers do not need any association to be crooked.

@@tillamook7446 ofcourse he has no association. Was just a joke on his name :)

And here we are. :)

Good one

You are being fooled here.. dear man... This report is now written in 2022... But you need to learn history.. to know whether it was or was not a scam. Don't be fooled. I was watching another video about the Saudi Arabian Stock Exchanges.. and how much time it took them to stabilises.... 🤣😆... It is very fascinating. Never ever considered that for something to work, everybody has to pull in a certain way. Which... humanly speaking.. this is very very hard to do. lol.... Too many Chiefs.. and no Indians...

Really? Were lucky they dont put this garbage behind a paywall - those greedy c**ts

Old games

🤪🤣🤣

I have learned to not trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor, and it has been paying off, and I'm never going back to banks full time.

@@lowcostfresh2266 This sounds really interesting. I've been thinking of pulling out my money too. Could you recommend who your advisor is? I could really use some help.

@@TomD226 Having a counselor is essential for portfolio diversification. My advisor is Laurel Dell Sroufe who is easily searchable and has extensive knowledge of the financial markets.

The stock market is not going to recover or protect what you pay for stock any better than cash. With inflation, cash is falling in value vs cost of living. No company on the stock market is protected from risk bar the big non-tech stocks like the large consumer brands (which will also see a slowing demand and higher cost of production). Better to invest your cash under $250K so its protected by FDIC. US gilts at present are not going fall in value unless interest and inflation rates fall too fast.

yeah once the most prestigious Inv Bank, now you go...

fuuuccckinnn

yourself

by having a Chinese Communist Party member

as the President & CEO...shockkkkin

All major banks will do such shady stuff

@@kirilmihaylov1934 I think pension funds will be the main target of hedge funds and investment banks

Interestingly all the American News agencies are interested in European banks but certainly ignore their own mess, MS was bailed out all thanks to post WWII American influence in Japan, CITI is living on breather, Goldman is basically American central bank gets all insider information, also all the above are ones whose share prices have fallen by 20% in this year. They govern their markets, they make rules and their media is all after Swiss , German & British banks !! Makes things very fair for Americans!

@UN KNOWN money makes the world go around

Shame on you. As a Swiss then ZKB or Migros!

Exactly 💯

Why learn if you don't have to? They've always been "change the rules of the game" kinda people. They just change the rules to work for them not society.

Watch the whole video it clearly says that Credit Suisse in particular did not change post 2008 crisis.

A few things… 1. how where they responsible for the recession? Thing was a little bit more complex and it was the beginning recession/rising interest rates that pricked the housing bubble and then lead to banking troubles 2. bankers and banks respond to incentives set and play the system Everyone does that

Same I checked date if it was 2008.

Yes it does Peter. A culture of miss management greed and lack of control. Not something that any large bank can deal with comfortably.

Wow.

Yes but all the upper management became filthy rich. That's what truly matters. Very happy for them.

@@colinburnside4569 all major banks do it

@@idokwatcher2062 yes like Boeing management

Well it dependes. If you are working for the company under the companys name you should not be held accountable if you make mistakes. However if the "mistakes" are illegal and you are responsible for them you personaly can be held accountable if you get sued.

@@JCB576 Except we all know the banks write the laws through lobbying. Things that most people would consider criminal are perfectly 'legally' normal in the financial sector.

@@mentality-monster like what?

You steal at a grocery store for $20 and you get jail time..yet bankers steal billions and nothing happens.

All true dat, England was an economy built by pirates, still is!

Well said

The US has them beat but keeps it even quieter: Delaware corporation.

They're trying to get money from those who will pay. I suppose based on their research they see that as the way for them. Others grow to become a huge online then make their money from large advertiser reach. RU-vid pays per view. I'm guessing they will use the information they have for the paper articles to create the videos. So the research work is shared, cost saving. To be honest I'd like to know what's going on in China financially because there are at least 6 large banks where customers are blocked from withdrawing their money. 6 Hong Kong stock market listed construction businesses have been removed from the Hong Kong listing for not publishing the results from 2021 50 large construction projects have customers cancelling their orders. 91% decrease in some China bonds. Imports into China are down, suggesting reduced demand. Xi Jinping has not been seen for weeks, since he last had a meeting in Hong Kong where he met someone who the next day tested positive for COVID. He even cancelled a meeting with Putin. It's China having a financial crisis? Where is Xi Jinping?

Good question...

@@Google_Does_Evil_Now RU-vid Ad Revenue is incredibly significant.

Advertising as well - if they publish an video on here, they’ll hope that you sign up to read their web articles too

I for one will NEVER subscribe for a Murdoch product again until they allow users to cancel via their account page without being forced to submit to the hard-selling lying scumbags in their outsourced call-centers. Go with Bloomberg. Easy in easy out without being treated like a child who has ask permission to cancel their subscription. Besides all the best talent at FT has moved over to Bloomberg etc

I feel your pain, as a fellow retiree I’d suggest you look into passive index fund investing and learn some more. For me,I had my share of ups and downs when I first started looking for a consistent passive income so I hired an investment advisor for aid, and following her advice, I poured $130k in value stocks and digital assets,Up 200k so far and pretty sure I'm ready for whatever comes.

@@viviangall1786 I think it's especially difficult for retirees and near retirees, I know to focus on the long term but the anxiety when you're supposed to be retiring in 3years is super exhausting, I've been looking into hiring a market expert as well

@@bobbygunz9254 I've been in the red for the past couple months, lost 12k last week alone, Indubitably I've got good companies but profit is still stalling, how did you go around finding an investment-advisor, I wouldn't mind looking yours up.

@Jeremy Walker sure advisors are outperforming the market and raising good returns but some are charging fees over fees....seeing that their services are in high demand more than ever....Seems more like extortion to me.

@Jeremy Walker okay thanks for clearing that up, already went through her web-profile and it seemed pretty tight which is why I was worried her fees will cost a ton haha. thanks a bunch for sharing

Don’t say that!! 🙂➡️😬

That case was even worse.

I'm not a paranoid gold bug but you have to ask yourself if we are going to see more institutions fail and what is going to stop it this time if governments are maxed out.

I've heard that main risk manager at TFX is ex CS risk manager. It's really bad when an clearly under intelligent person thinks that they've figured out the life.

too rich for that

how is that not normal? here in germany local village banks managers want their million per year while charging 1,50 € per paper transfer from old grannies, raising account prices, the million has to be, below is inhumane

@@zombiekilla7463 in total Germany 492 bankers earned more than 1mio. per year. At Credit Suisse alone it's 1'438.

Spot on

Yep

Son has been boom and bust. 2nd time around. They’ve made a ton of good investments though.

Do bad investments of SoftBank cover up dirty money?

@@HKim0072 Son was a one-hit wonder with Alibaba. Now even Alibaba is sinking fast, along with Son's other investments. ARM's listing might turn into another bust.

then youll love this one too ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-np_ylvc8Zj8.html

neither a borrower nor a lender be....Daniel Garrahan

@@thinking6307 it is not that simple

So , don't use a bank...simple...don't borrow . don't that, etc.

if only? ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-np_ylvc8Zj8.html

Relax. UBS and CS have always had employees crossing over.😁

Credit Suisse isn't

Like they had much of an option. Besides these bank, and the traditional gold, is there any other easy way to safely hold your funds and possibly make a little profit while at it?

facts only

@@trishawallor There are literally a lot of options out there. Stocks happen to be one, only downside is you have be real careful about where you put your money or better still, get the services of a pro (that way, you give little room for error). Made my first million earlier this year this way. Good luck!

@@thesportsguruu Very sound and pragmatic. I have been into this for long and though I won't say I have lost a fortune, but I have squandered quite a lot. If it's not a problem, do you mind recommending the pro you worked with? I could definitely use the help of one right now... I look forward to your reply...

@@queenofkatwe3990 Funny enough, I can honestly relate. I don't know if I am permitted to drop it here, but her name is "Leah Sandock Marie". Was in the news a lot in 2018. You can check her out online for more.

If you watched the video, they mentioned that CS gave all those loses to their client’s pool of investments. So it’s considered “part of the risk”, and there’s nothing the clients can do about it. Or probably aren’t even aware of it. Since having drawdowns are a part of investing.

No, we don’t hear about them.

Don’t forget that fiasco involving FIFA.

Smells like fascism.

Oh wow, Switzerland bashing! Look at the faults of your own country before you criticize Switzerland.

@@ninanina4324 I'm Swiss and people like you are the problem.

Exactly the amount of people that think this is limited to this bank are kidding themselves. Swiss culture is based on screwing the world to make money. Pure scum

Especially regarding in relation to the last two years in the so called "health" sector. Highly corrupted...

whomadethatsaltysoup, You just said it. And there is a perfectly legal and democratic way to do it. That is, "instead of arguing about the clock being fast or slow" --fix the clock. Nationalize the Central Bank.